SRINAGAR: The Administrative Council (AC), authorised the Board of Directors (BoD) of Jammu and Kashmir Power Transmission Corporation Ltd (JKPTCL) to take up the critical intra-state transmission projects worth an estimated cost of Rs 1,190 crore through Tariff Based Competitive Bidding (TBCB) route in the UT, The Tribune reported.
The council met under the chairmanship of Lieutenant Governor Manoj Sinha.
These projects include grid station at an estimate cost of Rs 99.20 crore at upcoming Industrial Estate of Bhagthali in Kathua. Besides Bhagthali, the other two projects approved for execution under TBCB route are laying of Downstream Transmission Network from upcoming 400 /220 kV Grid Sub-Station, Siot, in Rajouri, with an estimated cost of Rs 790 crore and construction of Grid Sub-Station at Wahipora and Sallar in Kashmir and allied transmission system with an estimated cost of Rs 300 crore.
Quoting an official, The Tribune reported, “Moreover, in the draft of new electricity policy, it has been mentioned that all future intra-state transmission projects shall be developed through competitive bidding process except for the projects having an estimated capital expenditure below a threshold limit, and projects of strategic importance as decided by the state government.”
The Administrative Council also authorised JKPTCL to engage Power Finance Corporation Consulting Limited (PFCCL) or any other CPSU authorised by Ministry of Power as Bid Process Coordinator (BPC) on nomination basis for undertaking the above said transmission projects through TBCB route.
